Riceberg Ventures Launches $20M Fund for DeepTech & SpaceTec

• International enterprise capital agency targets breakthrough improvements with a deal with DeepTech sectors together with spacetech, AI, well being tech, cybersecurity and novel vitality
• Plans to spend money on 25-30 Indian corporations through this fund

Bengaluru, January 14 2025 – International early-stage enterprise capital agency, Riceberg Ventures has introduced the launch of a $20 million fund to assist DeepTech Startups together with SpaceTech.

Backed by a consortium of Restricted Companions (LPs), the fund goals to deal with the funding hole on this sector by offering early-stage capital to those startups.

Aside from follow-on fundraising for its portfolio corporations, it supplies hands-on assist for reaching product-market match (PMF) by its world community of DeepTech enterprise and technical leaders.

The fund is designed to spend money on 25-30 startups, throughout the globe, with a mean cheque measurement of $0.5 million. Capital can be invested in high-growth sectors equivalent to Spacetech, MedTech/Lifesciences, Cybersecurity, AI, Robotics, Novel Power, Semiconductors, and Quantum Computing.

“DeepTech has at all times been on the forefront of industry-defining improvements. Whereas it’s a buzzword right now, we started our journey earlier than it gained mainstream recognition,” mentioned Ankit Anand, Founding Associate of Riceberg Ventures, a physicist and DeepTech entrepreneur.

“True enterprise success comes from investing in disruptive options that create completely new markets or redefine present ones. This fund is our dedication to supporting DeepTech entrepreneurs tackling advanced world challenges,” he added.

Based by Ankit Anand, Mredul Sarda, Shubham Raj, and Lino Gandola in 2023, Riceberg Ventures is constructed on the assumption that distinctive companies emerge from fixing humanity’s hardest issues. Riceberg Ventures’ has at present invested in startups equivalent to Manastu House, Signatur Biosciences, EtherealX, Keyron Medical, and Arch0.

The VC agency is supported by advisors equivalent to Prof. Uday Desai, founding director of IIT Hyderabad, and Prasad Chaganti, a seasoned banker with in depth expertise in optimizing capital allocation for high-stakes investments.

India’s DeepTech ecosystem has seen rising assist from the Union Authorities, with initiatives such because the Rs. 10,000 crore ($1.1 billion USD) Startup Fund of Funds and the Rs. 50,000 crore ($5.8 billion USD) Nationwide Analysis Basis.

These packages are designed to bolster analysis and innovation, creating an surroundings conducive to DeepTech startups. Nevertheless, DeepTech startups face important challenges in getting funding from buyers due to their exceptionally lengthy R&D cycles and incubation interval.

Riceberg Ventures goals to behave as a catalyst for Indian DeepTech startups, serving to them develop superior technology-driven options.

“The Indian diaspora has performed a pivotal position in a number of the world’s most important improvements, from Google’s early growth to OpenAI’s breakthroughs,” mentioned Lino Gandola, Founding Associate at Riceberg Ventures and a former European VC skilled.

“But, many Indian founders have traditionally operated within the background as a result of systemic challenges and restricted entry to early-stage capital,” he added.

Riceberg Ventures seeks to vary that by offering capital and sources to empower Indian founders and is uniquely positioned to assist Indian DeepTech entrepreneurs globally. 

“Our mission is to empower Indian researchers and entrepreneurs to take heart stage, offering them with the sources wanted to construct the following Google or SpaceX,” mentioned Mredul Sarda, Founding Associate, Riceberg Ventures, IIT Bombay alumnus and former Technique at Slice, an Indian fintech unicorn. 

Riceberg Ventures leverages its deep community of main scientists and consultants to information startups from ideation to commercialisation. Moreover, its sturdy presence within the US and Europe supplies portfolio corporations with entry to a world community of high enterprise capitalists, facilitating co-investments and follow-on funding.

In one in every of its most up-to-date achievements, Manastu House, a portfolio funding of Riceberg, efficiently test-fired its inexperienced propulsion system VYOM 2U onboard the ISRO’s PSLV POEM-4 mission.

“Riceberg Ventures has been instrumental in supporting Manastu House’s mission to innovate within the spacetech {industry}.

Past offering funding that has accelerated our analysis and growth efforts, they’ve served as a collaborative accomplice, empowering us to push boundaries and develop sustainable inexperienced propulsion options for the way forward for area transportation.

Their hands-on assist in world buyer outreach and investor introductions for follow-on funding has been invaluable,” mentionedTushar Jadhav, Co-Founder, Manastu House.

Moreover, Riceberg Ventures, in collaboration with E2MC Ventures, operates KickSky, India’s first devoted SpaceTech accelerator. This system lately launched its second cohort, which is ready to go stay in January 2025.

This cohort invitations budding SpaceTech startups to leverage the accelerator’s 0-to-1 infrastructure. The initiative can even embrace world SpaceTech startups, additional strengthened by an upcoming Memorandum of Understanding (MoU) with the Hungarian authorities. KickSky’s present portfolio options corporations equivalent to OrbitAid, AugsenseLab, and extra.

“By KickSky and our fund, we’re not simply investing in startups; we’re constructing an ecosystem to drive DeepTech innovation. We’re excited to accomplice with visionary entrepreneurs who’re tackling advanced world challenges with breakthrough applied sciences.

KickSky serves as a catalyst for world gamers to find and collaborate with the most effective SpaceTech startups in India,” mentioned Shubham Raj, Founding Associate at Riceberg Ventures, an moral hacker and former Lead Cybersecurity Engineer at Coinbase.

About Riceberg Ventures

Riceberg Ventures is a world early-stage enterprise capital agency devoted to supporting DeepTech startups.

With a $20 million fund and operations spanning Europe, the US, and India, the agency focuses on rising sectors equivalent to Spacetech, MedTech/Lifesciences, Cybersecurity, AI, Robotics, Novel Power, Semiconductor, and Quantum Computing. Riceberg Ventures additionally operates Kicksy, India’s first spacetech accelerator program.

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